Advise Please!!

Lyndan

Hey All

I have a bit of an conundrum today! Looking for peoples thoughts and suggestions on the following if you don't mind!

I am due to be made redundant from my current job March 31st - I have been offered a package and was in the middle of looking for some new work.

My old boss (from the same company) sent me an email yesterday and asked if I would come to Singapore for 1 month all expenses paid to do some work and he would extend my work contract by one month - so I would be due to leave April 30th. He said he would like to discuss a future full time opportunity for me out there.

We are just about to put our 2 bed apartment up for sale, having got our mortgage approval yesterday to buy a house.

I have so many things to think about I don't know what to do!! To many questions so Id love to hear what people thought...

Do I go to Singapore for a month?I am thinking yes because its a great opportunity - downside is if I don't like it and/or a full time job doesn't come out of it I'm away for a month that I should be interviewing for new jobs for
I
f I get offered a full time job in Singapore I wont get my redundancy package if I accept it, instead it will be a relocation package - should I just take the money and run?

Anyone lived/worked in Singapore? What did you think?
Should we postpone putting our apartment up for sale? I will go to Singapore in April for 1 month...

If there is a chance that I will get offered a full time job and I take it, should we not sell up at all and instead go interest only on our mortgage and rent it out for a couple of years? Or should we sell up and put the money we make (200k) into savings? Which is better?

I know its a big one but I'd appreciate everyones opinion!

Cheers

Ps - Hope I posted in the right place!

Tom Dunne

If you are young and have no kids then what the hell are you waiting for?

What have you got to lose? A month working in a foreign country, with all expenses paid? It's a great opportunity to try working out there without committing to anything. If you don't like it, so what? You tried. All you did was put your job hunting back a month, no big deal. And if you like it, well then you are sorted.

As for your apartment, do you have someone reliable here that can look after it while it is rented out (friends/family)? If not, selling it might be the better option. Think about this one long and hard, though.

daveg

When I took redundancy from a job I worked in for 1 and a half years I took up an offer to do some contract work in Limerick. The agreement was I would be paid the same salary but would be paid travel expenses. I would also travel on their time which made it more attractive. I ended up making more on expenses in 3 months than I got for my redundancy.

My point is 1 month in Singapore all expenses paid might be lucrative and you may need the cash to tide you over till you get another job. You have nothing to loose. At least do it for the month.

Lyndan

Thanks All

Mr Lyndan is very open to the idea and would come over for 2 weeks of my months stay to see what he thought of it.

I've been offically offered a job there today, lasting 2 years, but its sepereate to the months stay, even if i dont take the job i can still go for a month and check it out.

As for our apartment its in South Co Dublin, 7 min walking distance to dart station and so far those rented seem to have been rented out quickly.

The main issue is deciding which would be better - Selling up and putting our equity in a high interest account, or renting out - we would have to move to interest only to make any money on renting it out, by the time we have the 2 interest rate increases that are expected this year, rent would just about cover the mortgage and management fee - I suppose if we knew the answer to this we would all be rich!!

I really appreciate the thoughs everyone, keep em coming!